Saturday ticker.

Former Kmart Exec Pleads Guilty

May 11, 1996|By Stanley Ziemba.

Michael E. Dowdle, a former Kmart Corp. shopping-center development director, pleaded guilty in U.S. District Court in Milwaukee to conspiring to defraud the retailer of $750,000. Dowdle, 47, had been accused of accepting bribes and other improper payments in exchange for approval of real estate deals between Kmart and Milwaukee developer Frank Crivello.